That’s an interesting perspective! While history doesn’t repeat, it often rhymes. The lack of developed derivatives and stablecoins in 2015–2018 made it a pure spot-driven rally, leading to massive upside potential.

This cycle, however, is much more mature—ETFs, institutional adoption, and a structured derivatives market play a key role. A 100x from $15.6K would put Bitcoin at $1.56M, which seems unlikely, but strong performance is still expected.

The real question: Will this cycle’s peak be more sustainable, or will we see another blow-off top followed by a long winter?